Global Polymer Nanocomposites Market 2024 : SWOT Analysis Of Key Driving Factors For Growing CAGR Value | Arkema Group, Evonik Industries AG, Nanocyl SA, Nanophase Technologies Corporation

"The new report published by The Business Research Company, titled Polymer Nanocomposites Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the polymer nanocomposites market size has grown rapidly in recent years. It will grow from $12.57 billion in 2023 to $14.69 billion in 2024 at a compound annual growth rate (CAGR) of 16.9%. The polymer nanocomposites market size is expected to see rapid growth in the next few years. It will grow to $27.57 billion in 2028 at a compound annual growth rate (CAGR) of 17.0%.

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Rising Automobile Industry To Drive Market Growth
Increased demand in the automotive sector is expected to propel the growth of the polymer nanocomposites market. The automotive industry encompasses any business and endeavors involved in manufacturing motor vehicles, including producing the bulk of components, such as engines and bodywork, tires, batteries, and gasoline. Polymer nanocomposites are primarily employed for interior and exterior vehicle applications in the automobile industry. It is utilized in a variety of applications, including engines and powertrains, suspensions, and braking systems, to reduce vehicle weight and enhance engine economy while delivering comfort and improved driveability. As a result of these considerations, the market for polymer nanocomposites is growing. For instance, in April 2021, according to the reports shared by the European Automobile Manufacturers' Association (ACEA), a Belgium-based association of leading automobile manufacturers, the global production of automobiles in 2021 was 79.1 million units, an increase of 1.3% compared to 2020. Furthermore, according to Take-Profit.org, a US-based financial and analytical information provider, in March 2023, US car production had increased to 1.87 million units (1870 K units). The volume ranged from 0.01 million units to 9.92 million units, and in Brazil, it increased by 221.835k units from 161.518k units. Therefore, increased demand in the automotive sector is driving the growth of the polymer nanocomposites market.

Technological Advancements Driving Innovation In Polymer Nanocomposites Market
Technological advancement is a key trend gaining popularity in the polymer nanocomposites market. Major companies operating in the polymer nanocomposites market are focusing on developing new technologies to sustain their position in the market. For instance, in November 2022, Lummus Novolen Technology GmbH, a Germany-based developer of process technologies, launched the Novolen Pure polypropylene (PP) technology, a new grade range of polymers suitable for supporting the production of high-quality products. It is primarily used for automotive, healthcare components, and food packaging materials, and this new non-phthalate process technology provides significant energy savings by delivering an improved hydrogen response with the catalyst. Additionally, for an operator's process and end-product requirements, the Pure Polypropylene (PP) technology portfolio offers a number of variations, such as high crystallinity homopolymers, ethylene random copolymers, and advanced impact copolymers.

The polymer nanocomposites market covered in this report is segmented -

1) By Nanomaterials: Nanoclays, Carbon Nanotubes, Nanofiber, Nano-Oxides, Other Nanomaterials
2) By Polymer: Epoxy Resin, Polyamide, Polyethylene, Polypropylene, Other Polymer
3) By End-user: Automotive And Aerospace, Electricals And Electronics, Packaging, Biomedical, Paints And Coatings, Other End-Users

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Major companies operating in the polymer nanocomposites market report are Arkema Group, Evonik Industries AG, Nanocyl SA, Nanophase Technologies Corporation, Unitika Ltd., RTP Company Inc., Zyvex Technologies Inc., Makevale Group Ltd., Nanoforce Technology Limited, Nanocomposites Inc., Grando Group, Formaplex, Swift Composites, Reliance Composites Solutions, Foster Corporation, Inframat Corporation, Minerals Technologies Inc., Nanocor Incorporated, Powdermet Inc., Showa Denko KK, ShayoNano Singapore Private Ltd., BYK Additives & Instruments, Hybrid Plastics Inc., InMat Inc., Cabot Corporation, Cyclics Corporation, DSM Somos, E.I. du Pont de Nemours and Company, Henkel AG & Co. KGaA, 3M Company, BASF SE

Contents of the report:
1. Executive Summary
2. Polymer Nanocomposites Market Report Structure
3. Polymer Nanocomposites Market Trends And Strategies
4. Polymer Nanocomposites Market - Macro Economic Scenario
5. Polymer Nanocomposites Market Size And Growth
…..
27. Polymer Nanocomposites Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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